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You are given the following information: Salary to partner Mr. Ahammed - OMR 300 Capital account: Mr. Ahammed - OMR 30,000 Mr. Badsha - OMR
You are given the following information:
Salary to partner Mr. Ahammed - OMR 300
Capital account:
Mr. Ahammed - OMR 30,000
Mr. Badsha - OMR 20,000
Interest on capital - 5%
Net profit as per P/L a/c - OMR 20,000
Profit sharing ratio of partners - 3:2.
Share of profit to be credited to Mr. Ahmmed will be:
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